The parent company of glassmaker Anchor Hocking is temporarily shutting down its two manufacturing plants, including one in Monaca that employs more than 400, for three to four weeks as it works to preserve cash.

EveryWare Global, based in Lancaster, Ohio, was created in 2012 with the merger of Anchor Hocking and Oneida. It said in its first-quarter earnings release that it didn't have enough cash or credit facility to keep going in what it said was the near future. The strategy is to conserve cash and reduce its inventory of glassware.

"We are temporarily idling our North American manufacturing facilities and furloughing a number of hourly and salaried employees to reduce inventory and improve liquidity," said EveryWare Global Interim CEO Sam Solomon in a prepared statement. "We intend to resume manufacturing in 3 to 4 weeks and as usual during plant shutdowns, we will continue to service our customers and distribute products from existing inventory."

The employees will be furloughed without pay, EveryWare Global said. Timing of the manufacturing shutdown depends on how quickly it will be able to get more cash; EveryWare Global said it had amended a credit agreement earlier this week that would allow it to borrow $4.12 million more.

The other manufacturing facility is in Lancaster, Ohio. The company has about 1,200 employees in the Columbus, Ohio, region, according to Columbus Business First.

A spokesman for EveryWare Global didn't answer the phone Friday morning. The company is expected to discuss its results in a quarterly conference call with analysts Friday morning.

On Thursday, EveryWare Global reported a loss of $38.3 million, or $1.87 a share, for the first three months of 2014. That compared to a profit of $197 million, or 2 cents a share, in the same period a year ago. Revenue was $93.2 million compared with $97.7 million a year ago. It reported cash on hand of $2.4 million as of March 31, down from $3.2 million on Dec. 31, 2013.

It said the drop in revenue was due to bad weather plus declines in food service and consumer units. It also reported a 26 percent jump in operating expenses that included employee separation and consulting fees tied to helping Every Ware Global save money.

"We are also expanding Alvarez & Marsal's role to intensify our efforts to improve product profitability, consolidate our supply base, and further reduce costs," Solomon said. "While our initiatives will take time to have an impact on the business, I remain confident in the long-term prospects of this business."